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Mr. and Mrs. Williams, ages 22 and 19 respectively, are married, file a joint return, and have no dependents for the current year. Here is
Mr. and Mrs. Williams, ages 22 and 19 respectively, are married, file a joint return, and have no dependents for the current year. Here is their relevant information: Salaries $ 163,000 Dividend income 1,900 Above-the-line deductions 6,200 Itemized deductions 26,200 Considering their standard deduction, as applicable, compute their taxable income for the current year. $133,600 $132,500 $107,400 $8,200
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